Asset Sale_Excise duty is not applicable_VAT is applicable

[Former Member]

Hi Experts,

We want to sell an asset under asset sales. Here BED, ECess and SECess are not applicable. 4% VAT is applicable. Pl tell me where to make the settings to get the desired result.

Thanks,

-K.Bharathi-

[Lakshmipathi · Accepted solution]

Dear Bharathi

Dont maintain the material code in J1ID. If you have maintained this asset material code in J1ID, then leave blank field under "Declared".

Similarly, maintain the tax code in VK11 / UTXJ, so that your requirement will be fullfilled.

thanks

G. Lakshmipathi

[Former Member · Accepted solution]

Dear Lakshmipathi,

The settings [J1ID and UTXJ] are already maintained as you said. We faced problem in getting the output. VAT was not appearing. That is why i wanted to check the settings.

Now it is corrected. The document type was missing in the printing program. Once we added the document type in the program, the problem was solved.

Thanks for your reply.

-K.Bharathi-